TechM - Trading Choppy E-Wave of the Triangle

Let us trade in the E-wave which is very choppy & toughest to trade because it is against the larger degree trend which is downward since highs@748 in 2015.

Likely it has traced a B-wave triangle & it is a valid pattern till 564 is intact - Critical level for future trading is 564- Going above 564 this pattern invalidates.

Trading Strategy

Short Term Scenario
Look for a bounce above 505-506 to the previous swing highs 515-520 once it holds above 505-506 - Play Safe -Get Heaven.

Medium Term Scenario
If it starts moving above 525 & sustains above, then we look for a higher push possibly for the zone 540-555 zone, but, yes keeping in mind 564 which is critical level as a long term selling can resume if 564 is intact on top.

@indiagmb, As far as I know I haven't put any update in last 3-4 days when you took position -otherwise I move with price & monitor closely.My last update saw a sharp fall fro 460-470 to 425-430 zone -when I updated -Run Away like a thief- that was the last on 31st Jan2017.